HK50 Short Term: under pressure.

HK50 (HK50)
+90+0.37%
short positions below 25250 with targets at 23200 & 22500 in extension.
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Pivot: 25250

Our preference: short positions below 25250 with targets at 23200 & 22500 in extension.

Alternative scenario: above 25250 look for further upside with 26200 & 26850 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
26850 **
26200 ***
25250 ***
24176 Last
23200 ***
22500 ***
21700 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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